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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
09/10/2026

U.S. Backs $300M Quantum Hardware Push as Bitcoin and Ethereum Race 2029 Deadline

What happened: The U.

U.S. Backs $300M Quantum Hardware Push as Bitcoin and Ethereum Race 2029 Deadline

What happened: The U.S. Commerce Department finalized $300 million in CHIPS Act awards to quantum hardware firms Rigetti, D-Wave, and Quantinuum. In parallel, the Ethereum Foundation set a December 2029 deadline for quantum resistance across execution, consensus, and data layers. Key Ethereum improvement proposals (EIP-8141, EIP-8288) aim to enable quantum-safe signatures and reduce privacy transaction costs. IBM and Google Quantum AI project that quantum computers with 1,200+ error-corrected qubits could threaten current crypto standards by 2029.

Why it matters: While no cryptographically-relevant quantum computer exists yet, the convergence of hardware investment and protocol migration plans signals a new phase of quantum preparedness. The risk is not imminent, but exposed public keys and legacy addresses could remain vulnerable for years. The U.S. government’s funding push may accelerate both quantum innovation and crypto’s defensive upgrades, though skeptics caution that prior "quantum threat" cycles have failed to materialize at predicted timelines.

Source: CoinDesk